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Search Results 0 to 27 of about 28 (some duplicates have been removed)
CNN
Nov 25, 2012 11:30am PST
numbers expected today. >>> and now to the looming fiscal cliff. u.s. congress and the white house have just 37 days left to reach a budget deal and stop more than $500 billion in automatic spending cuts and tax hikes from taking effect. a potentially big sticking point in those talks, that no new tax pledge of that more than 250 republican lawmakers have signed. athena jones us from the white house. two more republicans who signed the pledge said they would be open to tax hikes if they get other concessions. >> reporter: that's right, fredricka, and this is a bit interesting to see. they're talking about this pledge from the grover norquist group. he's the anti-tax crusader. his group has gotten the majority of republicans in congress to sign this pledge to oppose any effort to raise taxes in any way. so first we heard from a senator out of georgia, a republican, who said for his country he would break this pledge because if you stick to that pledge you won't be able to reach an agreement to bring down the debt. today we heard from south carolina republican senator lindsey graham and a
CNN
Nov 25, 2012 6:00am PST
about to go off the so-called fiscal cliff, and i wanted you to kind of look back and think did you ever believe that people -- that congress would get so entrenched in different sides that there was a possibility the country would go off the fiscal cliff? does it surprise you where we are? >> i mean, what shocks me is that we're actually $16 trillion in debt. i mean, we built up this incredible debt over a period of years. i never would have guessed that we would be in this position when we started out. >> you are all here for that? >> we're all guilty. we're all part of it. a couple of presidents contributed to. am i surprised we facing this fiscal cliff now? no, because we put it in. we created this cliff because we thought it will be so terrifying that congress would actually be shaken to reach a bipartisan agreement to reduce the debt. that's what our responsibility is and the time between now and the end of this year. >> i think congress is reflecting the nation. i think we are very divided. not in the goal, but how we get there, and i think america is too. i think that is reflected i think we now know that americans expect
FOX News
Nov 25, 2012 3:00am PST
off. >> in 37 days left until the fiscal cliff is official unless congress can do something about it. >> hard to know if there is any common ground at this hour. both sides said they are willing to compromise but nothing brought the two extremes together. president obama dug in his heels saying he still saying any one making 200,000 or more or a family of 250,000 dollars or more their taxes must go up from 35 percent to 39 percent. republicans say that's a nonstarter for them. they don't believe in this economic climate that can happen. >> they have said we can get the same amount of revenue if they close loopholes and cancel some of the tax write-offs. between 750 billion and 800 billion it is a close number. a lot of people say it is about grover norquist and a bleng pledge. i don't believe that is a driving force for house republicans. they don't think it's good in the economy to race taxes on those who create jobs. >> president obama said that in 2010 right after the mid term beating the busheir raw tax cuts were set to expire and he extended them. a financial expert taking on
CNN
Nov 25, 2012 3:00pm PST
been following the fiscal cliff negotiations. >> martin, with congress returning this weekend, not much public evidence of any real progress on a deal the avoid the fiscal cliff. folks here in washington are wondering if this week will prove a turning point for republicans and democrats. members of congress expressed optimism sunday about the prospects for reaching a deal to avoid the fiscal cliff. a series of tax increases and spending cuts next year that could do serious damage to the economy. they also sounded warnings. >> we can and must get an agreement. otherwise i think first of all the markets are going to start reacting. >> it's not a done deal and not a certainty. if congress does nothing, which congress has gotten pretty good at doing these days, we'll go over the fiscal cliff. >> reporter: staffers have been working behind the scenes to find common ground to prevent across-the-board cuts lawmakers say should concern everyone. >> i think you should be worried if you have a fence job we all ought to be worried whether we are dependent upon other aspects of the federal bud
CNN
Nov 25, 2012 3:00am PST
congress finally see eye to eye on the fiscal cliff? we're just over 24024-inch hours from the start of bargaining time. >>> plus -- >> push one of my kids and i will stab you. >> the crowds are rowdy, rough, and downright rude, and the holiday season has only just begun. -- captions by vitac -- www.vitac.com >>> it is sunday, november 25th. good morning, everyone. i'm randi kaye. overnight protesters clashed with security forces. this was the scene in. cnn's reza sayah is live this morning. how far are they actually spreading now? >> randi, the protests seem to be spreading. according to the interior ministry starting last night and continuing on to terrell morning hours, there were protests, demonstrations in the northern city. according to the government officials, they tried to attack the offices of the muslim breerhood and that's when you had clashes between the muslim brotherhood and their supporters and anti-mohamed morsi protesters. there were a number of injuries there. also reports of demonstrations in the city of as yut. i'm going to carefully step aside and have a live look
CNN
Nov 25, 2012 2:00pm PST
. >>> falling off the edge of the fiscal cliff. it could happen in just 37 days if congress and the white house fail to reach a budget deal and stop more than $500 billion in automatic spending cuts and tax hikes from taking effect. a potentially big sticking point in those talks, the no new tax pledge that more than 250 republican lawmakers have signed. athena jones joining us live from the white house. two more republicans today who signed the pledge say they'd be open to tax hikes if they get other concessions. >> reporter: that's right, fred. what they're talking about is this tax pledge from grover norquist's group, the anti-tax crusader, and his group americans for tax reform have asked republicans over the years to promise to oppose any effort to raise taxes in any way. now, just this past week, we heard from georgia senator republican saxby chambliss saying, for the love of his country he'd be willing this oppose this years-old pledge because if you stick to it it will make it much more difficult to reach agreement on the debt. today we heart from senator lindsey graham and peter
ABC
Nov 25, 2012 4:00am PST
country from flu jing off the fiscal cliff. let's bring in george stephanopoulos. >> congress has gone home to the districts, any optimism that cooler heads will prevail and we'll see movement toward a deal quickly? >> there are only five weeks left. everything has to happen before december 31st. the president has had his first meetings with the top congressional leaders. there's a fair amount of optimism that something will get done before the end of the year. maybe a down payment on deficit reduction combined with a commitment to hit the big numbers. >> in addition to the fiscal cliff, some big vacancies coming up in the president's cabinet the state department, the treasury, even the cia, the general petraeus scandal, three vacancies now. >> and there's likely to be more shuffling in the president's cabinet. the president has signaled is favorite likely to be u.n. ambassador susan rice for secretary of state, she's faced a lot of opposition in house this week, republicans signed a letter not to appoint susan rice. the president hasn't made a final decision yet. if he went for i
FOX Business
Nov 25, 2012 1:00am EST
latest headlines, log on to foxnews.com. >> leave us alone, as the fiscal cliff nears a group representing more than two dozen federal employee unions telling congress not to touch their pay and benefits when it comes to any debteal they say, quote, no other group has been asked to financially ntribute the way they have. gary b, you say what? >> yeah, i don't understand that, brenda. from two perspectives, one, in life for like jobs, including the benefits and wages, government employees make out a lot better than their counterparts in the private sector, number one, discriminated against. two, the unemployment rate for government workers is about half of what the unemployment rate is for the general population, it's about 4 1/2%, brenda, they've been doing fabulously on the back of the private sector, which has suffered. so, asking them to contribute a little bit more, i think, is quite fair. >> well, steve, we have seen federal workers have a pay freeze and we have seen them contribute more to pensions to retirement plans. have they done enough already? >> well, they have done enough, but they're going to have to do more. but gary b is wrong. white co
CSPAN
Nov 25, 2012 7:00am EST
state within the fiscal cliff. i think they should, you know, be the say so of the state. host: let's go to are a from atlanta, georgia on the democrat line. caller: i think we need to but congress had all this business. i think it is very important that they do. that is what they are elected for. i just do not think the states would benefit from having grand elections, more spending, more commercials and when the money needs to go directly to the people. we also need to be wary of cutting spending on the platform, cuts in programs of obama's platform. host: do you think the states should use their line of communication of congress or the white house? caller: i think we need to trust the congress and believe that we have elected them to do the state's business and trust them to do it. host: let's go to mike. caller: i think the states already have several budgets to their elected officials. if the governor wants to have a say on the budget, get a hold of their elected officials, their congressman, bring them to the governor's office and laid the lot down to them on what the what the congressman to go back and portray in washington. host: let's hear what marie has to say on the indep
CNN
Nov 25, 2012 5:00am PST
pressure is on. will the white house and congress finally see eye to eye on the fiscal cliff? we're just over 24 hours from the start of bargaining time. power and protest. furious demonstrators take to tahrir square in cairo, as egypt's new president rewrites the rules. >> the crowds are rowdy, rough, and down right rude, and the holiday shopping season has only just begun. >>> good morning, everyone. i'm radi kaye. it's 8:00. from maine to florida, millions of people are heading home as the thanksgiving holiday is wrapping up. today is usually one of the busiest travel days of the year, but so far it has been surprisingly quiet. cnn national correspondent suzanne candiotti is in new york hanging out with a few travellers this morning. suzanne, good morning to you. so i guess it's still pretty early in the day, but it should probably get pretty busy there later on. >> oh, it probably will pick up, but the best news of the day at this hour, anyway, is that there are virtually no backups to check in and no lines at security. there was a little flurry of activity earlier this morning,
PBS
Nov 25, 2012 10:00am PST
administration over how to avoid the so-called "fiscal cliff" looming at the end of the year. this week, a group of christian leaders urged congress and the president not to cut anti-poverty programs as they struggle to reach a deal. in an open letter, the leaders said "we pray during this season, in which we give thanks and offer gifts, that you will advance policies that protect the poor, not ones that make them poorer." >>> meanwhile, a prominent christian advocacy group said while some progress has been made in fighting hunger and poverty worldwide, much more needs to be done. in its annual report, bread for the world called for a renewed push in meeting a series of international goals, including a pledge to cut poverty and hunger in half by the year 2015. the group said in order for those goals to be met, there will need to be continued strong support from the u.s. >>> when the newly-elected congress is sworn in in january, it will be more religiously diverse than ever. the 113th congress will still have a protestant majority, but for the first time, it will include a hindu representative, a buddhist senator and the first member
CNN
Nov 25, 2012 1:00pm PST
falling off the fiscal cliff and triggering massive spending cuts and tax hikes. cnn's athena jones reports on a possible turning point in the negotiations. >> reporter: members of congress expressed optimism sunday about the prospects for reaching a deal to avoid the fiscal cliff. a series of tax increases and spending cuts next year that could do serious damage to the economy. they also sounded warnings. >> we can and must get an agreement, otherwise, i think first of all the markets are going to start reacting. >> it's not a done deal and it's not a certainty. if congress does nothing, which congress has gotten pretty good at doing these days, we'll go over the fiscal cliff. >> reporter: staffers have been working behind the scenes to find common ground to prevent across the board cuts lawmakers say should concern everyone. >> you should be worried, we all ought to be worried whether we are dependent upon other aspects of the federal budget, whether we're worried about the the regulation of food safety, about our borders being secured, about the fbi being supported. >> reporter: democrats and the president want to raise tax rates for the wealthy. republicans don't. though more
NBC
Nov 25, 2012 3:30pm PST
and other businesses in the u.s. >>> congress returned from the holidays still facing the fiscal cliff. if a deal can't be reached by january 1st americans will face half a trillion more in taxes next year coupled with a hundred billion dollars in cuts to domestic and defense spending. since the reagan era most republicans have day caretaken promising they won't raise taxes. mike viqueira says there may be flexibility on both sides of the aisles. >> reporter: it's a pledge almost all republicans have signed to oppose tax increases of any kind. today shit was showing cracks. >> the world has changed and the economic situation is different. >> reporter: republicans insist in return for defying part doctrine they must have changes in social security and medicare. >> i will sign only if they undo entitlement reform. >> reporter: be president has put them on the table before. during last year's failed talks on a grand bargain and more recently in his first post election press conference. >> we have to continue to take a serious look at how we reform our entitlements because health car
CNN
Nov 24, 2012 4:00pm PST
cliff. lawmakers return to work monday trying to cut a deal. if congress and president obama fail to reach an agreement massive tax cuts and spending cuts automatically kick in january 1. anti-tax crusader slamming chambliss. he broke with norquist no tax break pledge. he cares more about his country than the pledge. >>> there were signs truce between israel and hamas is taking hold this weekend. palestinian sources say israel has eased restriction on gaza fishermen allowing them to go up to six miles from shore. the fishermen were restricted to three miles into the mediterranean. palestinian farmers resumed tending land. hamas official say egyptian and israeli officials are expected to meet monday to discuss details of that cease-fire. >>> to egypt now where what's happening makes well, the arab spring look like it never ended. we remember the crowds of demonstrators, protesters, a regime bent on consolidating and preserving its power. that was then. this is the scene right now. demonstrators are back spending the night in tahrir square. president mohamed morsi announced sweeping ne
ABC
Nov 25, 2012 9:00am PST
europe. >>> this week congress returns to take on the pending fiscal cliff. year-end deadline where higher taxes and deep cuts kick in if a compromise haven't been reached. the stock markets have been betting early among congress will reach an early compromise, showing gains in this week's session. but republicans and democrats sound as far apart as ever on reaching a solution. >> the house of representatives has a bipartisan bill passed by the senate that will spare 898% of taxpayers across america from any income tax bases and 98% of businesses. it's a bipartisan bill the house should pass. >> it's fair to ask my party to put revenue on the table below historic packages. i will cap deductions. if you cap deductions around the 30, $40,000 range you can raise $1 trillion in revenue and the people who lose deductions are the upper income americans. to do this i just don't want to promise spending cuts, i want entitlement reforms. >> senator graham said the senate version will cutback the military to dangerously low levels. >>> new this morning the u.s. supreme court justices will go behind closed doors this week to decide whether now is the time to rule on same-sex marriage. today's l.a. times reports on friday the
FOX Business
Nov 25, 2012 4:00am EST
speaking out about the fiscal clef. will our doothing congress listen up? gerri: you heard us talk about this lot, weighing in on the fiscal cliff. until now we hadn't heard much from one large group, in a rare move walmart and walgreen's letting loose on what they think of washington and the fiscal cliff. liz macdonald, what are they saying? liz: walmart is saying their customers don't want to see tax increases. and now cbs, it is unusual for walgreen to wade into this public fight over the fiscal cliff, they have not spoken out before and they are saying essentially our customers are hardworking american families and they do their own budgets. where were you, washington d.c. doing your own budgeting, their confidence has been tested time and again, persistent high unemployment and fragile economic growth and customers want to know d.c. is working on their behalf and walgreen stepping out saying customers need clarity. gerri: every company out there, if there saying anything at all they are saying do something. it breaks down after that. some say i want to make more taxes and do n
CNN
Nov 25, 2012 12:00pm PST
congress to avert the fiscal cliff has caused investors to run for the hills. take a look. at the s&p 500 over the past two weeks, s&p 500 probably resembles some of your investments. we don't know what might be included in a deal to raise revenue instead of raising tax rates. you're probably going to see taxes on the rich going up. it's giving investors the heebie jeebies. their instinct is to sell stocks. what are they worried about? concerns have a lot to do with the expiration of the bush tax cuts which could be painful for investors. capital gains taxes rise from 15% to 20% for most people who file taxes. taxes on dividends rise from 15% to your top income tax rate which could be depending how much you earn, as much as 39.6%. given that a lot of people rely on those dividends for their income, it's no surprise to see some of the highest dividend-yielding stocks get slammed in the past few weeks. take a look at some of those. but as i've been saying, today, if we can get past this fiscal cliff standoff, there are going to be a lot of opportunities for businesses to blossom and investo
ABC
Nov 25, 2012 7:00am PST
resuming talks with president obama about keeping the country from plunging off the fiscal cliff into economic disaster. >> so let's bring in the host of abc's "this week" george stephanopoulos. good morning, sir. congress has gone home to the districts. is there any optimism that cooler heads will prevail and we'll see movement toward a deal quickly? >> there actually is. there are only five weeks left. everything has to happen before december 31st or everybody's taxes go up, and the spending cuts kick in. but the president has had his first meeting with the top congressional leaders. there's a fair amount of optimism that something will get done before the end of the year. not necessarily the whole big deal but maybe a down payment on deficit reduction combined with a commitment to hit the big numbers before the end of next year. >> in addition to the fiscal cliff, there's some big vak kis coming up in the president's cabinet, as well. we have the state department, we have treasury. those two we expected, even the cia now, the general petraeus scandal, three vacancies. >> three big ones at least and there's likely to be more shuffling. of course, the big controversy right now over who is going to replace
ABC
Nov 25, 2012 8:00am PST
congress will find a way to avoid that fiscal cliff. stocks up this week in anticipation of a deal with the dow clocking five straight of gains. and black friday consumer spending was down as well. now let's bring in t number one senator dick durbin and top republican lindsey graham. senator, welcome in. senator, let me begin with you. you see those markets going up in anticipation of a deal, are they right to be optimistic? >> they should be optimistic because we can solve this problem. unfortunately, for the last ten days with the house and congress gone for the thanksgiving recess, much progress hasn't been made, but tomorrow there's no excuse. we're back in down. george, we're back to basic. the house of representatives have a bipartisan bill passed by senate that will spare 98% of taxpayers from income tax raises. and 97% of businesses. it's a bipartisanship bill that the house should pass to make sure that we go forward with these negotiations without this specter of tax increases for working families and also, i might add, have a farm bill that they've been unable to pass and a bipar
CBS
Nov 25, 2012 8:30am PST
with our panel. jon meacham, let's say thomas jefferson realized he had a fiscal cliff the country was going to go over. what do you think he would do? >> one thing he did every night when congress was in session, more or less, he had lawmakers down to dinner. he broke with the federalist cut canom of precedent asks very formal dinners and formal toftsz. he had what he called pell-mell. people came down, sat down, sat wherever they could, and they would have dinner together. he would write family members and say i'm going to be an unpunctual correspondence because dinner is here and i'm going to have dinner every night with the lawmakers. it does help on the margins and as we know, politics is decided on the margin. >> one i think i think it's not just for the fiscal cliff, but if our economy is going to need mobilization to get more jobs here, fewer exports abroad, then you've got to have some c.e.o.s come in, like f.d.r. did. f.d.r. brought in the head of chrysler and sears and roebuck. he had two top republicans in his cabinet, and i know c.e.o.s don't like to come to government because they have to give out all the stuff they have, those taxes. those are the people i think that
CSPAN
Nov 25, 2012 2:00pm EST
kay henry talks about the so-called fiscal cliff and what the unions had state. our guest was not the white house for a meeting that the president held with business leaders and members of congress. bart today at 6:00 p.m. eastern on c-span. join us tomorrow for a discussion on a for-profit education and. speakers from the bill and linda gates foundation and the indication department will talk about federal rules and the role of an enterprise. it begins live monday at 10:00 a.m. eastern on c-span. what's it would be a shame to waste all the influence in that office. >> they serve as a window on the past to what is going on. >> she becomes as the chief confidant. she is the only one you can trust. >> many of the women were first ladies were writers, journalists. >> they are more interesting as human beings than to their husbands if only because they're not defined and limited by political ambition and. >> socially adept and politically savvy. >> dolly madison loved every minute of it. >> you cannot rule without including what women want and what women have to contribute. >> you are breathless with too much looking down and i think it was too fast. not now change in pace. >> it is the m
KRON
Nov 24, 2012 8:00pm PST
. washington is running out of time and options with the fiscal cliff looming at the end of the year. >> the amount of damage of super storm stand the impact it has been catastrophic. according to the new jersey governor, $29.4 billion in damage is from damage to buildings, roads and the impact on the tourism. and also the new york governor is saying 33 billion that dollars. these are initial estimates, this was the only four weeks ago and still 30,000 people without power >> in egypt, the rising protests with morrissey making the declaration for this staging ground and plenty of staging ground with the enemy of the nation. including appeals, and supports for a loss that he supports. his power will be in place until a post from parliament. however, they are assuming that he the amount morsi made the declaration and tahrir square experience theticket to pressure-relieving comfort of tempur-pedic, and sleep risk-free with sleep train's 100-day money back guarantee. get 36 months interest-free financing: no down, and no interest for 3 years. plus, get free same-day delivery. sleep train's 100-d
KRON
Nov 25, 2012 8:00am PST
loving fiscal cliff looming -- they will have to deal with this to avoid tax increases and spending cuts at the net jones has the latest on the negotiations. >> after meeting with president of,. >> let me welcome the congressional leadership. >> expressed optimism to avoid $500 billion on tax increases and spending cuts next year. >> we have a very constructive meeting with the president to talk about the americans financial problems. >> we have a cornerstone to fig. >> the have working behind this seemed to work together to bring in tax revenue and reduce spending on medicare but it is not yet clear what lawmakers will meet next. even if some progress is made a final deal could be a long way away. >> we rarely see the hill and the white house make decisions early they do better when they have a deadline so i would be pleasantly surprised to see a deal emerge earlier. by the end of the year, so we will see. >> tax hikes and steep spending cuts will take place next year. >> 8:41 first, this live look outside at san francisco still very foggy. there are some bridge advisory for the du
MSNBC
Nov 25, 2012 9:00am PST
, does congress know where the deal is going to come on fiscal cliff ultimately and this is all just posturing? you really don't? >> absolutely not. look, we've been dealing with this for a long time and for every dollar in tacks that you're willing to spend, how do you cure that appetite in an instance? we have hard work ahead of us, no question. >> the rebel group known as m-23 took over a major city. they have plans to move on the capital. it's part of a very bloody, bloody regional war. it's seen atrocity on both sides. it's cost millions of lives. you've been very vocal about it. what should the u.s. be doing here? >> this is the greatest humanitarian crisis that nobody has ever heard of. somewhere between 3 to 4 million people have been killed in the last few years. you have uganda that spilled across the border. the eastern congo is an ungoverned space that many different rebel groups have come into. there's hundreds and thousands of internally displaced persons. what the u.s. can do is send a high-level and bring a peace deal forward. we can help train security forces. we alr
FOX News
Nov 25, 2012 9:00am PST
, we will go over the fiscal cliff. the republicans have conceded that the government needs to find new ways to take in more money and now the fight is centered on where to get it from. >> i would be very much opposed to raising tax rates. but i believe we can change loopholes. >> i want entitlement reforms. democracies promise to cut spending. we never cut spending. i am looking for revenue for entitlement reform. >> reporter: senator graham says age adjustment and means testing for medicare and social security is a reasonable thing. but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come from an increase on the tax rates of top earners, which is currently 35%. >> let the rates go up to 39. let us also take a look at the deductions. let's make sure that revenue is an integral part of deficit reduction. from my side of the table, bring entitlement reform into the conversation. social security, set aside, doesn't add to the deficit. when it comes to medicare and medicaid, protect the integrity of the program, but give i
CSPAN
Nov 25, 2012 6:30pm EST
sequester that is set to take effect, and along with conspiring tax provisions, there is the fiscal cliff. this is monday night on c-span. join us tomorrow for a story on -- for a forum on foreign policy, the speakers from the bill and melinda gates foundation are set to talk about federal rules and the rights of federal enterprise. the live coverage begins at 10:00 eastern on c-span. >> general, what about if the soviet union, kruschev announces if we attack cuba, there will be nuclear war. >> we have these things i just believe this well. i want to keep my own people very alert. >> this is a fascinating moment. this is amazing that i just bele this well. i want to keep my own people very alert. >> this is a fascinating moment. this is amazing that eisenhower tells them to have his people alert. they go in completely on edge. then he says, hang on tight, which is a nice moment that they are able to joke a little bit with each other, especially during this crisis. they have a sense of how lonely that is to occupy that office. you are getting all kinds of advice, which kennedy was includin
Search Results 0 to 27 of about 28 (some duplicates have been removed)